Insurance in Nepal

Premier Insurance Company kick started on 12th may 1994 and since then has been serving Nepalese in terms of providing insurance. The company is one of the renowned general insurance companies of the nation. The company has earned widespread recognition in the local and international insurance market. Premier's success in the insurance and reinsurance business owes itself to the determination of its promoters to succeed. The company is at its rapid pace of growth, all because of the extremely dedicated and talented top heads and employees.

Nepal Insurance Company is a leading non-life insurance company in Nepal and accepts dependable risks coverage and unlimited capacities to its clients as its primary objective. Nepal Insurance Company believes totally in customer satisfaction. The company provides all sorts of services to its valued clients including Technical support, proper counseling and more with the aid of its professionally talented employees.

Nepal Life Insurance Company (NLIC), is established under the Company Act 2053 and Insurance Act 2049. It was established as a public limited company on 2058/01/21 (04/05/2001). NLIC is actually a life insurance company managed by some private investors and has been doing good business in the scenario of Nepal. The promoters of the company are a group of well known businessmen and business houses of Nepal. In these years of operation, Nepal Life Insurance Company(NLIC) has progressed in leaps and bounds.

The company has an authorized capital of Rs. 100 Crore or one Arab(1 billion NRs.). Issued Capital of Rs 50 Crore and Paid-up Capital of Rs 30 Crore. Right Share of 4:1 is in the process for offering to the shareholders.

Beema Samiti is the nation-level organization that monitors all the major insurance processes and the companies that handle the task. Beema Samiti is the major body for having any information regarding Insurance in Nepal. You can contact Beema Samiti for any details you require. Here's the contact information:

Here's a front view of Rastriya Bima Samiti. Rastriya Beema Samiti (National Insurance Board) an autonomous body, established to develop, systemize, regularize and regulate the insurance business of Nepal under Insurance Act, 1992.

This blog is dedicated to everything about insurance companies and the system in Nepal. Insurance companies are a major business in today's world. The insurance industry is one of the largest sectors of finance everywhere in the world and in Nepal too, it plays a major role. It ranges from consumer to corporate and industrial insurance, and even reinsurance, or insurance of insurance.